ArcelorMittal is in talks with bankers to evolve a mechanism to provide investment advice to the farmers and local people whose lands would be acquired for its two greenfield integrated steel plants in Orissa and Jharkhand.
Lakshmi Mittal today ruled out reviewing ArcelorMittal's plans for India because of the ongoing Singur crisis and said a single standoff like that does not make the country a less attractive investment destination.
The government on Monday made some success in putting on fast-track the limping ultra mega power projects (UMPPs) in the states of Tamil Nadu, Maharashtra and Orissa.